Tanon, I know more about the UK market than US, you would find...

Tanon,

I know more about the UK market than US, you would find it hard in the UK to see a rights issue with such drastic criteria applied to it (possibly a non underwritten open offer), a 1 for 2 rights issue (75% underwritten), priced at a 52.9% discount, with options (not a UK thing [maybe occasional warrants]) exercisable way below even the existing share price. 1.1 cents is a 35% discount & 1.4 which is a 17.3% discount. Is pure robbery, underwriting such a vast discount is just a joke and a waste of money, these directors are totally incompetent in dealing with financial matters.

These directors don't care a monkey's, well I hope the EU & US tell them what to do with there products

They want us to buy the product otherwise they'll be bust but not invest in the company on equal terms, Hypocrites that's what they are.

They should be totally & utterly ashamed of themselves and they don't even have the common decency to call shareholders back.

LOTM

PS no other country I watch, has fund raising as frequently as Australia, its as if its cultural to keep a vast number of directors in highly overpaid jobs.